By Juliet Van Wagenen | March 3, 2015
|China Eastern Airlines aircraft in flight. The airline took hits from yen depreciation in 2014. Photo: Wikimedia|
[Avionics Today 03-03-2015] A recent report on the China air transport and airport industry finds tourism and a pick up in exports are pushing growth in China’s civil aviation market despite slow economic growth in other transportation markets, such as trains. The report, released by China Market Research Reports, found that in the first 11 months of 2014 civil aviation turnover increased by 11 percent year-on-year.
Despite the increase, heavy exchange losses due to yen depreciation against the dollar caused the net income of four major airlines in the country to drop sharply.